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6:25 a.m. March 4, 2021 - By Myra P. Saefong
Oil futures up nearly 5% on talk that OPEC+ is poised to extend production cutsOil futures , buoyed by speculation that the Organization of the Petroleum Exporting Countries and their Russia-led allies, collectively known as OPEC+, will keep their production quotas in place and that Saudi Arabia will extend its unilateral output cut of one million barrels a day through April. The group is discussing a rollover of production for all members, except Russia and Kazakhstan, which will be allowed to boost output by 130,000 and 20,000 barrels per day, respectively, , tweeted, citing comments from delegates. that OPEC+ has reached a decision to keep production unchanged, but other reports say the meeting is still ongoing. April West Texas Intermediate crude rose $2.85, or 4.7%, to $64.13 a barrel and May Brent crude climbed $3.04, or 4.7%, to $67.11 a barrel.
9:46 a.m. March 1, 2021 - By Myra P. Saefong
Oil futures settle lower, pressured by a possible OPEC+ output hike as traders eye U.S., Saudi tensionsOil futures , pressured by the possibility that the Organization of the Petroleum Exporting Countries and its allies will decide to boost production levels when they meet later this week. Traders also eyed tensions between the U.S. and Saudi Arabia, after a the U.S. reserves the right to sanction Saudi Crown Prince Mohammed bin Salman after an intelligence report showed he approved an operation to capture or kill U.S.-based journalist Jamal Khashoggi. April West Texas Intermediate crude fell 86 cents, or 1.4%, to settle at $60.64 a barrel.
10:15 a.m. Feb. 26, 2021 - By Greg Robb
U.S. Treasury sanctions former Saudi official and 'Tiger Squad', but not crown prince, in connection with Khashoggi murderThe Treasury Department announced Friday that it has sanctioned Saudi Arabia's Rapid Intervention Force, called the "Tiger Squad," and a former Saudi intelligence officer, for their direct involvement in the murder of Washington Post journalist Jamal Khashoggi. Ahmad Hassan Mohammed al Asiri, the former deputy head of the country's General Intelligence Presidency, was called the "ringleader" of the murder by the department. The U.S. did not sanction Saudi Crown Prince Mohammed bin Salman. The New York Times reported that unnamed senior administration officials said the price for directly penalizing the crown price was too high. The order freezes any assets held by the targets in the U.S. and also prohibits Americans from doing business with them. Earlier Friday, the Biden administration released an intelligence assessment concluding the crown prince likely approved an operation to capture or kill the journalist in Istanbul.
9:38 a.m. Jan. 4, 2021 - By Myra P. Saefong
Oil ends lower as OPEC+ meeting on output to reconvene TuesdayOil futures after the Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+, failed to reach an agreement on production policy and said they plan to resume talks on Tuesday. The majority of OPEC+ favor a rollover of current output levels, but Russia and Kazakhstan want to see an increase of 500,000 barrels per day in February, according to a , deputy bureau chief and chief OPEC correspondent at Energy Intelligence. February West Texas Intermediate crude fell 90 cents, or nearly 1.9%, to settle at $47.62 a barrel on the New York Mercantile Exchange.
7:27 a.m. Dec. 3, 2020 - By Myra P. Saefong
OPEC+ agrees to boost oil production starting in January: reportsThe Organization of the Petroleum Exporting Countries and their allies, collectively known as OPEC+, have agreed to increase oil production by 500,000 barrels per day starting in January, , citing people familiar with the matter. OPEC+ production cuts currently stand at 7.7 million barrels a day, but the group was due to relax the reductions to 5.8 million barrels a day at the start of 2021 through the end of April 2022. Ahead of the meeting, which had been postponed by two days, the market had expected OPEC+ to extend the current output cuts into the new year. , deputy bureau chief and chief OPEC correspondent at Energy Intelligence, said that after the 7.7 million barrels per day in output cuts are eased by 500,000 barrels per day in January, ministers will hold meetings to see if another 500,000 barrels per day could be added until 2 million barrels per day is reached. , January West Texas Intermediate crude was up 19 cents, or 0.4%, at $45.47 a barrel on the New York Mercantile Exchange. February Brent crude added 28 cents, or 0.6%, to $48.53 a barrel on ICE Futures Europe.
9:38 a.m. Nov. 2, 2020 - By Myra P. Saefong
Oil futures settle higher for the first time in 4 sessionsOil futures to register their first gain in four sessions. "Russian oil companies are reportedly in discussions with government authorities over a possible delay to its plans to increase its oil production from the start of 2021," said Cailin Birch, global economist at The Economist Intelligence Unit. "This probably reflects a growing trend of caution among other members of the OPEC+ alliance, as the group seeks to calibrate increases in its supply with the fragile recovery in global oil demand." December West Texas Intermediate crude rose $1.02, or nearly 2.9%, to settle at $36.81 a barrel on the New York Mercantile Exchange.
4:34 a.m. Sept. 21, 2020 - By Michael Brush
Stock market is at the start of a selloff, says veteran trader Larry Williams Williams, age 77, is focused on seasonal patterns that consistently play out over timeWilliams, age 77, is focused on seasonal patterns that consistently play out over time.
10:20 a.m. Sept. 17, 2020 - By Myra P. Saefong
Oil prices finish higher as OPEC+ stresses full compliance with output quotas JMMC recommends extension of output-cut compensation mechanism to the end of the yearOil futures climb on Thursday as the Organization of the Petroleum Exporting Countries and its allies stress the importance of full compliance with output cuts during their monthly meeting.
10:17 a.m. Sept. 15, 2020 - By Myra P. Saefong
Oil prices finish higher as Hurricane Sally disrupts Gulf of Mexico energy production Gulf oil output shut ins at nearly 27% Tuesday: reportOil futures get a lift as Hurricane Sally nears landfall, forcing the shutdown of more than a quarter of offshore Gulf of Mexico crude production and a number of refineries, but rising worries over the outlook for demand serve to limit the upside for prices.
11:49 a.m. Aug. 31, 2020 - By Joy Wiltermuth
Dow, S&P 500 end lower, but book best August in 36 years. Nasdaq clinches another record Amazon wins FAA approval for drone deliveryU.S. stocks closed mostly lower on Monday, except for the record-setting Nasdaq Composite, as Wall Street closed out a historically strong August.
9:15 a.m. Aug. 27, 2020 - By Myra P. Saefong
Gold ends lower in volatile session as Fed policy strategy change lacks element of surpriseGold futures end lower Thursday after a volatile session that saw prices move in either direction by as much as 2%.
8:46 a.m. Aug. 27, 2020 - By Myra P. Saefong
Gold futures end 1% lower after Fed policy changeGold futures , with some analysts attributing the loss to the lack of surprise in the that looks to lead to an easier monetary policy stance. Gold prices initially rallied as Fed Chairman Jerome Powell "laid out a medium-term plan to maintain the Fed's accommodative monetary policy stance," said Cailin Birch, global economist at The Economist Intelligence Unit. "They quickly fell back, however, which most likely reflects the fact that this approach was broadly anticipated." In the coming days, the market will be picking apart the Fed's new strategy, which "aims to bring inflation above the average 2% for some time to compensate for below-target inflation in recent years," she said, adding that "this is likely to continue to drive gold-price volatility." December gold fell $19.90, or 1%, to settle at $1,932.60 an ounce after trading as high as $1,987 during the session.
10:13 a.m. Aug. 13, 2020 - By Myra P. Saefong
Oil futures finish lower as traders assess cut to demand outlook News of UAE and Israel diplomatic ties eases geopolitical oil riskOil futures finish lower Thursday, pressured after the International Energy Agency further cut its forecast for global crude demand in 2020, but a third week of declines in U.S. crude supplies and signs of a recent uptick in consumption help to offset price losses.
9:36 a.m. July 29, 2020 - By Myra P. Saefong
Gold logs record close, up a ninth straight session, then climbs after Fed’s policy statementGold futures tally a ninth gain in a row on Wednesday to settle at another record, then move even higher after the Federal Open Market Committee reiterated plans to keep interest rates near zero until the economy improves.
9:04 a.m. July 21, 2020 - By Myra P. Saefong
Gold settles at a nearly 9-year high and silver scores highest finish since 2014 on fiscal stimulus moves Silver futures rally by nearly 7%Gold futures climb Tuesday to settle at a nearly nine-year high and silver rallies to prices not seen since 2014, with the precious metals lifted by an agreement on a rescue plan by European leaders and expectations for additional spending by the U.S. government.
2:11 a.m. July 14, 2020 - By Tomi Kilgore
S&P 500 earnings set to plunge as the coronavirus batters all sectors — with Wall Street counting on a bounce that may not come Earnings are expected to improve, but by less than the stock market suggests — meanwhile, the November election loomsThe one certainty about the outlook for companies in a COVID-19 world is that second-quarter earnings will be very bad, the worst in over 10 years.
10:15 a.m. July 10, 2020 - By Myra P. Saefong
Oil climbs, but U.S. benchmark ends lower for the week as IEA warns of coronavirus risk Libya looks set to add to global crude suppliesOil futures climb on Friday, but U.S. prices finish lower for the week as a report from the International Energy Agency cautioned that weaker demand caused by the coronavirus pandemic will linger, even if the worst of the hit to economies has subsided.
8:15 a.m. July 4, 2020 - By MarketWatch
These money and investing tips can help you navigate unpredictable markets and map out the second half of 2020 These money and investing stories were popular with MarketWatch readers over the past week.
1:40 p.m. July 2, 2020 - By Wallace Witkowski
Lemonade logs best U.S. IPO debut of 2020 with more than 140% gain Debut follows string of recent strong IPOsLemonade Inc. snagged 2020’s strongest initial public offering debut as the shares of the mobile-based insurance startup became the latest to more than double on their first day of trading.
10:07 a.m. June 25, 2020 - By Myra P. Saefong
Oil prices settle higher after 2-session drop, but demand worries persist on coronavirus flare-up WTI oil prices trade around 3% lower week to dateOil prices settle higher on Thursday after posting two consecutive sessions of declines. Worries about accelerating cases of the coronavirus epidemic in parts of the world, however, continued to take a toll on expectations for demand for crude.
10:01 a.m. June 18, 2020 - By Wallace Witkowski
Intel stock slips as new lines of AI chips released Chip giant’s shares are flat for year compared with 7% gain on chip benchmarkIntel Corp. shares slid with the broader market Thursday as the chip giant introduced several new products to support artificial intelligence and data analytics.
10:21 a.m. June 3, 2020 - By Myra P. Saefong
Oil prices finish at highest in 3 months, as traders await next move for OPEC+, digest U.S. supply data Uncertainty surrounds the timing of the OPEC+ meeting and the group’s decision on outputOil futures Wednesday close higher, extending a move around the highest level since early March, as uncertainty over whether a meeting of crude producers will be held this week or next raised doubts about a willingness to substantially extend global production cuts that taper after June.
10:27 a.m. May 14, 2020 - By Myra P. Saefong
Oil futures up sharply, with U.S. prices near a 6-week high Big production cuts, bets for higher demand lift hopes for market balanceOil futures rise sharply on Thursday, finding support as the International Energy Agency points to a tightening of the supply picture later in the year.
7:27 a.m. May 11, 2020 - By Mark DeCambre
It’s one of the hottest ETFs of the coronavirus era — and the woman who nailed the 2018 stock-market shock created it just a year ago Quadratic’s Nancy Davis launched IVOl in May 2019Nancy Davis, the chief investment officer and founder of advisory firm Quadratic Capital, rolled out a new exchange-traded fund just a year ago, and it has quietly become one of the hottest performers in the epoch of coronavirus that brought much of the financial world to its knees.
4:17 a.m. May 2, 2020 - By Jon Swartz
ServiceNow CEO: $10 billion in annual revenue is next goal Cloud-software company breezes past analysts’ first-quarter earnings forecastsServiceNow Inc. Chief Executive Bill McDermott is confident the fledgling company can hit $10 billion in annual revenue. It likely won’t happen this year because of a global pandemic, but it may be inevitable.
11:00 a.m. April 9, 2020 - By Myra P. Saefong
Oil prices settle lower as investors weigh reports of an OPEC+ output cut deal Saudis, Russia reach an output-cut agreement in principleOil futures finished with a loss on Thursday, giving up an earlier rally that had lifted U.S. prices by as much as 13%, as investors weighed reports of an OPEC+ output cut deal that some believe won’t be enough to offset losses in demand amid the COVID-19 pandemic’s hit to the economy.
2:09 a.m. April 4, 2020 - By Myra P. Saefong
Why a Saudi Arabia-Russia deal to cut oil output would mean nothing without U.S. cooperation WTI oil futures post biggest weekly percentage rise on record on hopes for output-cut pactOil prices posted their largest weekly gain on record Friday, buoyed by expectations that Saudi Arabia and Russia will work together to cut global crude production, but analysts say any agreement to stave off a market surplus would need help from the United States, the world’s largest oil producer.
10:37 a.m. March 21, 2020 - By Chris Matthews
The stock market may bottom long before the coronavirus epidemic peaks, analysts say If government action can stop another financial crisis, a sharp recovery could ensueSevere bearish sentiment and rising bond yields could be signs of a rebound in equity prices
9:14 a.m. March 10, 2020 - By Andrea Riquier
Hedge funds just notched their best performance since 2009, report finds Hedge funds just had their best month since the long bull market beganHedge funds had the strongest outperformance compared with broad financial markets since 2009 last month, according to the Eurekahedge Hedge Fund Index.
7:59 a.m. March 9, 2020 - By Shawn Langlois
Why the coronavirus is no longer the stock market’s biggest problem Vital Knowledge founder Adam Crisafulli says dropping oil prices are becoming a real issue.
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